Markets were easier overnight and today following Thursday’s slightly bearish USDA report, good South American harvest weather and a poor technical outlook. The soy complex has been under the most pressure this week, and wheat, like corn and soybeans, has turned technically soft. General Comments Markets were easier overnight and today following Thursday’s slightly bearish USDA report, good South American harvest weather and a poor technical outlook. Soybeans, corn and wheat all lost ground this week. It’s been like a slowly leaking balloon with the soy complex leading the way. Weakness in energy markets has also tended to weigh on grain and oilseed markets. The only positive aspect seems to be that farmers are holding tightly to old crop...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.